Geode Capital Management LLC Has $91.54 Million Stock Holdings in KBR, Inc. $KBR

Geode Capital Management LLC lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,276,599 shares of the construction company’s stock after selling 26,093 shares during the period. Geode Capital Management LLC’s holdings in KBR were worth $91,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KBR. Royal Bank of Canada grew its holdings in KBR by 11.2% during the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock valued at $4,073,000 after purchasing an additional 8,243 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in KBR by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after purchasing an additional 211,311 shares during the last quarter. Empowered Funds LLC acquired a new position in KBR during the first quarter valued at approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in KBR by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock valued at $19,704,000 after purchasing an additional 23,738 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in KBR by 97.1% during the second quarter. American Century Companies Inc. now owns 46,592 shares of the construction company’s stock valued at $2,234,000 after purchasing an additional 22,957 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

KBR has been the topic of several analyst reports. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Citigroup lowered their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Finally, UBS Group lowered their price objective on shares of KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, KBR has an average rating of “Hold” and a consensus target price of $53.25.

Insider Buying and Selling at KBR

In other KBR news, Director Carlos A. Sabater acquired 14,500 shares of KBR stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $32.47 per share, with a total value of $470,815.00. Following the acquisition, the director owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. The trade was a 68.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack B. Moore acquired 4,000 shares of KBR stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $31.44 per share, with a total value of $125,760.00. Following the completion of the acquisition, the director directly owned 54,352 shares in the company, valued at $1,708,826.88. This trade represents a 7.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 29,875 shares of company stock valued at $945,160 over the last quarter. 1.15% of the stock is currently owned by insiders.

KBR Trading Down 0.0%

Shares of KBR stock opened at $35.55 on Monday. The company’s fifty day simple moving average is $35.20 and its 200-day simple moving average is $39.29. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.12 and a beta of 0.44. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. KBR, Inc. has a 1 year low of $29.94 and a 1 year high of $54.38.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. KBR had a net margin of 5.21% and a return on equity of 33.92%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $1.01 earnings per share. KBR’s quarterly revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts expect that KBR, Inc. will post 3.96 EPS for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. KBR’s dividend payout ratio (DPR) is presently 21.09%.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.